Stock Market & Financial Investment News

House passes bill to speed up natural gas export applications, The Hill saysThe House yesterday passed a bill that would allow companies to more quickly obtain permission to export natural gas to non-Free Trade Agreement countries such as Ukraine, according to The Hill. The legislation would require the Department of Energy to decide on applications within 30 days after an environmental review of liquid natural gas facilities are completed, the website explained. Companies that are looking to export natural gas from the U.S. include Cheniere Energy (LNG), Sempra (SRE), Dominion (D), BG Group (BRGYY), and Southern Union, which is jointly owned by Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP). Natural gas producers include Apache (APA), EOG Resources (EOG), Devon Energy (DVN), and Penn Virginia (PVA).Reference Link

News For LNG;SRE;D;BRGYY;ETE;ETP;APA;EOG;DVN;PVA From The Last 14 Days

Penn Virginia lowers FY15 production view to 20,700-22,600 BOEPDNow sees production of 20,700 to 22,600 BOEPD, compared to previous guidance of 23,800 to 26,200 BOEPD, including the impact of the pending sale of East Texas assets, which is assumed to close on August 31. Product revenues, excluding the impact of any hedges, are expected to be $284M-$307M, compared to previous guidance of $320M-$350M. Adjusted EBITDAX is expected to be $285M-$310M, compared to previous guidance of $300M-$340M. Capital expenditures are expected to be $325M-$345M, compared to previous guidance of $325M-$370M.

Macquarie submits bid for BG Group agricultural land portfolio, AFR saysMacquarie Group (MQBKY) and Stanbroke Pastoral have submitted bids for a portfolio of agricultural land holdings owned by BG Group's (BRGYY) Queensland Gas, reports the Australian Financial Review, without naming sources. Reference Link

Energy Transfer Partners raises quarterly dividend by 2c to $1.04 per unitEnergy Transfer Partners announced a 2c increase in its quarterly distribution to $1.035 per ETP common unit, or $4.14 annualized, for the quarter ended June 30. The quarterly distribution of $1.04 represents a distribution increase of 32c per common unit on an annualized basis, or 8.4%, compared to Q2 of 2014 and represents an annualized distribution increase of 8c per common unit compared to Q1. This marks the eighth consecutive quarter that ETP has raised its distribution. The cash distribution will be paid on August 14, to unitholders of record as of the close of business on August 6.

Dominion and SunPower partner to supply solar power to New Jersey homeownersDominion (D) subsidiary Dominion Retail and SunPower (SPWR) announced a collaboration of the two companies to offer SunPower solar power systems to New Jersey homeowners. Dominion will provide program details to residents through a marketing campaign scheduled to begin this summer.

Shell expects 'billions' more in synergies from BG Group deal, FT saysShell (RDS.A, RDS.B) CFO Simon Henry told a group of roughly 40 investors and analysts that the company's proposed acquisition of BG Group (BRGYY) is financially sound despite less-than-ideal oil prices due to "value synergies" at a multiple of $1B, reports the Financial Times, citing sources present at Henry's speech. The CFO insisted that the takeover works even with oil near $70 a barrel, explaining that cash flow would be immediately improved and the current dividend would be maintained, said the sources. Reference Link